Why is Voltas falling/rising?

As of 11-Jul, Voltas Ltd. is experiencing a slight increase in its stock price, currently at 1,371.00, reflecting a change of 3.35 or 0.24% upward. The stock has shown a positive performance over the last two days, gaining 0.26% during this period. However, despite this recent uptick, the stock has a year-to-date decline of 23.40%. It is noteworthy that while the stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average. Additionally, there has been a decrease in investor participation, with delivery volume falling by 25.17% against the 5-day average. The company has reported positive financial results over the last four quarters, with significant growth in profit after tax and return on capital employed, which may contribute to the stock's recent stability.
In the broader market context, Voltas has outperformed the benchmark Sensex in the short term, with a 1-week return of +0.57% compared to the Sensex's -1.12%. This indicates that while the overall market may be facing challenges, Voltas is managing to maintain a relatively stable performance. The stock's fair valuation, supported by a low debt-to-equity ratio and high institutional holdings at 55.17%, suggests that it is viewed favorably by more sophisticated investors. Despite the negative year-to-date performance, the significant growth in profits and a low PEG ratio of 0.2 may provide a foundation for future recovery, making it a stock to hold for investors.